Secret Price Prediction 2022 — Will SCRT Hit $8 Soon?

• Bullish SCRT price prediction is $5.870 to $7.852.
• The SCRT price will also reach $8 soon.
• SCRT bearish market price prediction for 2022 is $4.549.

In Secret’s (SCRT) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about SCRT to analyze the future movement of the cryptocurrency. 

Secret Current Market Status

According to CoinGecko, the price of SCRT is $5.08 with a 24-hour trading volume of $17,965,489 at the time of writing. However, SCRT has increased by nearly 16.9% in the last 24 hours.

Moreover, SCRT has a circulating supply of 164,261,165 SCRT. Currently, SCRT trades in cryptocurrency exchanges such as Binance, Mandala Exchange, Huobi Global, Gate.io, and MEXC.

What is Secret (SCRT)?

The secret is the native coin of Secret Network, a blockchain with data privacy for smart contracts by default, allowing you to build and use applications that are both permissionless and privacy-preserving. The secret is supported by many independent development teams and entities, including SCRT labs, Secret Foundation, Secretnodes.org, Chain of Secrets, Secure Secrets, and some more. Secret Network is an independent, base-layer blockchain network built using the Cosmos SDK. It supports smart contract development and introduces data privacy by default of these contracts, enabling developers to build decentralized applications that also protect user data and preserve privacy.

Secret (SCRT) Price Prediction 2022

Secret holds the 102nd position on CoinGecko right now. SCRT price prediction 2022 is explained below with a daily time frame.

A descending channel is a pattern formed from two downward trend lines drawn above and below the price indicating the resistance and support levels. It is a bearish pattern defined by a trend line that supports a series of lower lows and a diagonal resistance level that connects low highs.

Currently, SCRT is in the range of $5.08. If the pattern continues, the price of SCRT might reach the resistance level of $5.574, $5.965, & $6.781. If the trend reverses, then the price of SCRT may fall to $5.081.

Secret (SCRT) Support and Resistance Level

The below chart shows the support and resistance level of SCRT.

From the above daily time frame, it is clear the following are the resistance and support levels of SCRT.

Resistance Level 1	$5.870
Resistance Level 2	$6.460
Resistance Level 3	$6.948
Resistance Level 4	$7.852
Support Level  1	$5.031
Support Level  2	$4.549

The charts show that SCRT has performed a bullish trend over the past month. If this trend continues, SCRT might run along with the bulls overtaking its resistance level at $ 7.852

Accordingly, if the investors turn against the crypto, the price of the SCRT might plummet to almost $4.549, a bearish signal.

Secret Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of SCRT is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of SCRT lies on the cutoff line, indicating stronger participants in the current trend.

More so, the SCRT’s Moving Average (MA) is shown in the chart above. Currently, SCRT is in a bearish state. Notably, the SCRT price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of SCRT at any time.

Meanwhile, the relative strength index (RSI) of the SCRT is at level 52.69. This means that SCRT is neither an overbought nor an oversold state. However, this means a major price reversal of SCRT may occur in the upcoming days. So, traders need to trade carefully. 

Secret Price Prediction 2022 — ADX, RVI

Let us now look at Secret’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above chart represents the ADX of Secret. Currently, SCRT lies in the range of 14.548, so it indicates a weak trend. 

From the above chart, the Relative Volatility Index (RVI) of SCRT. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of SCRT lies below the 50 levels, indicating that the direction of volatility is low. In fact, SCRT’s RSI is at 52.69 level thus confirming a potential sell signal.

Comparison of SCRT with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Secret.

From the above chart, we can identify the trend of the ETH, BTC, and SCRT is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and SCRT also increases or decreases respectively.

Conclusion

With continuous improvements in the Secret network, we can say that 2022 is a good year for SCRT. For this reason, the bullish price prediction of Secret in 2022 is $7.852. On the other hand,  the bearish SCRT price prediction for 2022 is $4.549.

Furthermore, with the advancements and upgrades on the SCRT ecosystem, the performance of SCRT would help to reach above its current all-time high (ATH) $10.38 very soon. But, it might also reach $8 if the investors believe that SCRT is a good investment in 2022.

FAQ

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

The post has appeared first on thenewscrypto.com

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